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5-Minute Pitches

Kioxia Holdings: AI NAND Supercycle, JV Upgrade And A Breakout Chart Sets Up Big Upside

Scope for pricing upside, market share gains, higher value revenues and lower gross margin volatility.

Photo by Markus Winkler / Unsplash

Elevator Pitch

NAND prices are expected to continue increasing
The JV extension with SanDisk can help improve the revenue profile
There is an opportunity for Kioxia to gain market share
Securing long term DRAM access can reduce gross margin volatility
Kioxia Holdings valuations seem fair to attractive
The charts show a classic breakout from a horizontal bull flag

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